Legal & General Group Plc Trims Holdings in InterDigital, Inc. $IDCC

Legal & General Group Plc lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 14.3% during the 4th quarter, Holdings Channel reports. The fund owned 70,374 shares of the Wireless communications provider’s stock after selling 11,716 shares during the quarter. Legal & General Group Plc’s holdings in InterDigital were worth $22,406,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its stake in shares of InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 92 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in InterDigital in the 4th quarter valued at about $572,000. EverSource Wealth Advisors LLC raised its holdings in InterDigital by 98.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 250 shares of the Wireless communications provider’s stock valued at $80,000 after buying an additional 124 shares during the period. Empirical Asset Management LLC lifted its position in InterDigital by 4.2% in the fourth quarter. Empirical Asset Management LLC now owns 3,247 shares of the Wireless communications provider’s stock valued at $1,034,000 after buying an additional 130 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in InterDigital by 1,677.9% during the fourth quarter. Global Retirement Partners LLC now owns 4,267 shares of the Wireless communications provider’s stock worth $1,358,000 after buying an additional 4,027 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $416.67.

Insider Buying and Selling

In related news, insider Joshua D. Schmidt sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the completion of the transaction, the insider owned 25,889 shares in the company, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $313.30, for a total value of $469,950.00. Following the completion of the transaction, the chief technology officer directly owned 72,449 shares in the company, valued at $22,698,271.70. This trade represents a 2.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 8,500 shares of company stock worth $2,927,310. Insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

IDCC opened at $252.09 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 23.74 and a beta of 1.43. The business has a fifty day moving average price of $310.17 and a 200 day moving average price of $331.96. InterDigital, Inc. has a 12 month low of $210.88 and a 12 month high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same quarter last year, the business posted $3.45 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Sell-side analysts expect that InterDigital, Inc. will post 7.59 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, April 8th. InterDigital’s payout ratio is 26.37%.

About InterDigital

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.